Sphere 3D Corp.Long
(ANY) Golden Cross Pattern On Weekly
Any has been in a long period of consolidation after its run-up to 12 in early September. Now the 50-day moving average is about to cross the 200-day moving average on the weekly time frame and this chart pattern is known as a golden cross. With merger news right around the corner and this 2 months long consolidation period, I think we are primed for movement especially since the golden cross pattern is about to come into play. This last Friday (October 29) we saw a retest of low 6 before having a strong rebound to mid 6. Could be the start of a nice uptrend going into the week of Nov. 1st.
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